RICS response to interest rate hold decision…

Simon Rubinsohn, RICS chief economist had this to say…
“Today’s decision by the MPC to leave base rates on hold is understandable given the ongoing concern about the inflation outlook. But the RICS still believes that the weakening economic picture, as signalled most visibly by the deterioration in both business and consumer sentiment, will justify [...]

Interest rates kept on hold…

Just as expected, the MPC have kept interest rates at 5%.

Responses to yesterday’s base rate hold decision…

Michael Coogan, director general of the Council of Mortgage Lenders had this to say…“We expected the MPC to hold rates today as it wrestles to control rising inflation in a weaker economic outlook. But clearly there are still affordability pressures on borrowers and a widespread funding shortage for lenders. We hope that as the effects [...]